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August 13, 2007, 12:58 PM ET
Student Activists Increasingly Put Pressure on University Endowment Policies
Today’s campus activists are increasingly focused on working with university boards to persuade them to adopt socially conscious investment policies, reports The Boston Globe.
Under pressure from students, Brown University, in Providence, R.I., plans to invest part of its endowment in mutual funds with an environmental focus.
A new student advisory committee at Tufts University, in Medford, Mass., will soon start recommending how the endowment managers should vote on shareholder measures.
And students from 50 colleges and universities nationwide have opened chapters of the Responsible Endowments Coalition, a national group founded by college students in 2004 that encourages students to work within the system to make change.
But not all colleges and universities are listening to students pressing for socially responsible investment practices. About 72 percent of institutions do not consider social responsibility in their investment-management policies, according to a 2006 survey by the National Association of College and University Business Officers, the newspaper notes.
Read The Chronicle’s profile of the Sustainable Endowment Institute, an organization that spurs campus activism on shareholder issues.
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